Sultanas: Exchange rate fluctuations are a gamble

January 3, 2019 at 11:36 AM , Der AUDITOR
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MANISA. Although Turkey has succeeded in increasing exports this season, despite higher prices, the exporters are worried. Geo political tensions still create a growing sense of uncertainty.

 

Exchange rate fluctuations generate uncertainty

Although the export volume of more than 113,000 mt for 2018/19 is higher than last year’s, the average export prices of 1,867 USD/mt are considerably higher. The export rate for type 9 sultanas is claimed to be particularly good. There are, however, great causes for concern as the geo political tensions are fostering a growing sense of uncertainty and the exchange rate fluctuations have become a gamble. This week, the Turkish Lira has again declined against the US Dollar and many exporters have to

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